Unconventional Oil Resources (shale) and the OPEC trends

This article examines the role of unconventional oil resources on the internal structure and decisions taken by OPEC. The way members of OPEC are interacting shows that new shale oil resources influence the mutual behavior and decision making of the OPEC. Since the position and power of this international organization has always been influenced by its structural disagreements and production from the unconventional resources of oil, which its majority part is out of territory of OPEC members, Could end in depending differences inside the organization or it will repair them, any majority changes in the OPEC’s impact on the global economy, may influence it’s total existence. This research by using historical variables of differences within the OPEC and its adaptation with future quantity scenarios of the oil production from the conventional and unconventional sources comes to the conclusion that entry and continuity of the shale oil variable into the international energy market at the same time, could be the element for the continuity and strength of opec organization or may cause breakdown of this organization after several decades of its activity in the world energy market.